The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and elevated inflation, the government said Thursday in a downgrade from its initial estimate.
The government had previously estimated that the economy would grow at a 2.9% annual rate last quarter.
Not bad in a rising interest rate environment. Soft or hard landing coming & will depend on the FED movements. Mix into that whatever China does in the meantime and the end of 2023 should be ok.
Remember the FED is trying to slow inflation not crush the economy.
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